Exclusive: Redtail Ridge purchase price revealed at $34.93M
LOUISVILLE — Phillips 66 Co. (NYSE: PSX) sold the Redtail Ridge property in Louisville for $34.93 million, a discount of just more than 37% from the $55.6 million that ConocoPhillips paid for the property in 2008.
ConocoPhillips’ acquisition included about 1.6 million square feet of buildings that were subsequently torn down.
Sale of the property to Redtail Ridge Development LLC, an entity controlled by Denver-based Brue Baukol Capital Partners LLC, occurred Dec. 11, but officials from Brue Baukol did not then disclose the purchase price. The price was recorded in documents recorded by…
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